Business News
Latest business news and updates
Total: 3008
Xiaomi’s Sophomore Surge: Lei Jun Navigates the EV Price Wars with a Human Touch
Xiaomi has launched the next generation of its SU7 electric vehicle at a competitive 219,990 RMB, despite rising material costs. Founder Lei Jun is leveraging celebrity endorsements and a humble public persona to navigate market skepticism and technical controversies as the company expands into robotics and AI.
Blood in the Troughs: China’s Industrial Pig Giants Face an Existential Glut
China's pork industry has entered a severe downturn with prices hitting seven-year lows, forcing both industrial giants and small farmers into deep losses. To stabilize the market, Beijing is implementing a new mandatory registration system and cutting sow targets to curb persistent oversupply.
The Fertilizer Chokepoint: Why the Middle East Conflict Threatens Global Food Security
As Middle Eastern tensions drive oil prices toward $120, a secondary crisis in the fertilizer and petrochemical sectors is poised to trigger a global food inflation shock. Iran's control over critical exports like urea and sulfur has transformed the Strait of Hormuz into a decisive chokepoint for the world's agricultural and industrial supply chains.
Back to the Pot: Why China’s Xibei is Betting on Humble Noodles to Survive the Pre-made Food Backlash
Xibei founder Jia Guolong has launched a budget-friendly braised noodle brand to counter a massive PR crisis over high prices and pre-made food. The move signals a strategic shift toward 'value-for-money' and smaller, more efficient store models in China’s cooling dining sector.
Chasing Shadows: China Crackdown on 'Black Mouth' Gurus Exposes the Frailty of Retail Investor Trust
Chinese authorities have launched a massive crackdown on 'Black Mouth' financial influencers who use social media to manipulate stock prices and defraud retail investors. Through record-setting fines and criminal prosecutions, the government is signaling a shift toward zero-tolerance for unlicensed investment advice in its 240-million-strong retail market.
China Braces for the '9-Yuan Era' as Global Oil Volatility Hits Home
China is set to implement a record-breaking fuel price hike on March 23, 2026, pushing gasoline prices past 9 RMB per liter. Driven by Middle East geopolitical tensions and shipping disruptions, this fifth consecutive increase highlights the country's vulnerability to global energy market volatility.
The Golden Retreat: Why China’s Ultimate Safe Haven is Meeting a Violent Correction
Gold prices have experienced their worst weekly decline in over four decades, falling past key psychological support levels. This crash, driven by hawkish central bank pivots and a strengthening US dollar, has significantly impacted Chinese retail investors who saw jewelry prices drop by over 20% in two months.
Meituan Rebuts Viral “Peking University Grad Delivering Food” Clip, Urges Caution Over Credential Clickbait
Meituan has disputed a viral clip claiming a Peking University graduate was working as a food-delivery rider, saying platform records show only a brief registration and five deliveries. The company warned against using academic labels for clicks and noted it lacks mechanisms to verify riders’ education, highlighting tensions between credential narratives and the realities of China’s large gig-economy workforce.
Fed Holds Rates, Markets Slip as Middle East Strikes and China Policy Moves Add Fresh Uncertainty
The Federal Reserve kept interest rates steady, calling the current policy stance appropriate, while U.S. stock indices fell as geopolitical strikes in the Middle East pushed oil prices higher. Simultaneously, Beijing rolled out a 30-year rural land-contract extension pilot and domestic corporate and cloud-pricing shifts signalled evolving pressures in China’s economy.
Renovation Group Puts Rmb400m of Property on the Block as Risky Pivot into Semiconductors Strains Finances
Zhongtian Jingzhuang is selling up to Rmb400 million of property and operational assets to shore up liquidity after three years of worsening profits and a Rmb428 million loss in 2024. At the same time the company has been investing in early-stage semiconductor firms—a strategic pivot that is capital-intensive and so far loss-making—raising questions about execution and capital allocation.
Hawkish Powell, Middle East Shock and Oil Surge Send Markets Tumbling
The Fed maintained rates but Chair Powell’s hawkish tone, coupled with escalating Middle East tensions and a surge in oil prices, triggered a sharp global market selloff. Stocks and cryptocurrencies fell, Treasury yields and the dollar rose, and paradoxically precious metals dropped as real yields climbed. Investors now face the twin risks of prolonged restrictive U.S. policy and an oil-driven inflation shock, complicating the outlook for markets and central‑bank timing on future rate cuts.
RMB4bn Giveaway: A Chinese Supermarket’s Radical Employee‑Ownership Experiment
Yu Donglai of Pangdonglai has redistributed about RMB4 billion of company value to employees, converting his personal stake into broad dividend rights while retaining 5% ownership. The move accompanies generous working conditions and has been credited with strong sales growth and rock‑bottom turnover, presenting a high‑profile experiment in employee‑centred ownership in China’s retail sector.